How to file form 3115 with Turbo Tax?

Forum|Forum|3 years ago
November 11, 2022
2 replies
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Hello,

I will need to file form 3115, can I do this with Turbo Tax, and if so what version?

Not A Product Question

Best answer by Anonymous_

The desktop versions of TurboTax support (contain) Form 3115, but you will have to prepare it in Forms Mode.

You might want to consult with a local tax professional if you need to file Form 3115.

Anonymous_Answer

Employee

The desktop versions of TurboTax support (contain) Form 3115, but you will have to prepare it in Forms Mode.

You might want to consult with a local tax professional if you need to file Form 3115.

Rick19744

Employee

Keep in mind that even if you are able to prepare the form 3115 in TT, you will need to manually include the Section 481(a) adjustment to your return.

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.

johnmhtrAuthor

So basically it's not integrated in the program.

Does this also mean that it will NOT be included if I submit the return electronically?

Thanks

Carl11_2

Employee

As an addendum to the other replies in this thread, the 3115 is not simple by any stretch of the imagination. So if you don't know what you are doing (and you very well may for all I know) seek professional help. Messing up the 3115 to fix a past mistake (such as incorrect depreciation) and doing it wrong, will make the problem even worse many times over.